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Dec 28, 2012
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mike fmurphy our bull. steve weis our bear. you must be concerned about the instagram loss of users. >> the instagram news was very negative for facebook. but if you saw the boy genius had an article out this morning that said they've actually gained users. contradicting what the new york post said as far as losing users. when you look at facebook it is really a valuation call. from the $38 price target it has come down south of 20. now you look at it and you're talking about revenues for next year. where are they going to generate revenues? we heard from zuckerberg who is growing into his role as a ceo. no longer a kid in a hoody but a guy running a multimillion dollar company. >> a married man. >> now you look for next year they expect north of $2 billion in revenue from their mobile apps. you look at the big kicker for next year and one of the main reasons i'm long facebook currently is their want buttons and gift buttons. when you're on facebook you click on a gift button and, bang. all of a sudden you send over to steven w
mike fmurphy our bull. steve weis our bear. you must be concerned about the instagram loss of users. >> the instagram news was very negative for facebook. but if you saw the boy genius had an article out this morning that said they've actually gained users. contradicting what the new york post said as far as losing users. when you look at facebook it is really a valuation call. from the $38 price target it has come down south of 20. now you look at it and you're talking about revenues for...
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Dec 26, 2012
12/12
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expect a lot of face time with media and investors for mike cavanaugh, co-ceo of the investment bank and the not so dark horse to succeed dimon. battles will brew over regulation, the consumer financial protection bureau will crack down on overdraft fees, a big chunk of bank revenues. with the help of the fed, two key facets of dodd-frank will reach the finish line. the voelker rule will be completed by midyear as will the regulation of the trillion dollar derivatives industry. if either of these hurts competition abroad, expect banks to sue. >>> all right. the housing recovery rolls on but will 2013 be a bigger boom or a bigger bust? truly a chief economist will join us with his predictions next. >>> plus, china's newest train cuts a 20-hour trip to less than half that time. just how speedy is it? the answer for you later on on "street signs." [ male announcer ] this december, remember -- you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit of perfection. omnipotent of
expect a lot of face time with media and investors for mike cavanaugh, co-ceo of the investment bank and the not so dark horse to succeed dimon. battles will brew over regulation, the consumer financial protection bureau will crack down on overdraft fees, a big chunk of bank revenues. with the help of the fed, two key facets of dodd-frank will reach the finish line. the voelker rule will be completed by midyear as will the regulation of the trillion dollar derivatives industry. if either of...
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Dec 26, 2012
12/12
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you have two mikes, mike o'neill and mike corbit coming in and changing over that business. you've now got operators running citigroup. for a while, it was empire builders, lawyers, hedge fund managers. finally we have a bank operator. i think there's real reason for optimism. most positively disposed to. the trouble with citi at this point is this stock has run nicely and not as much discount as it used to be. >> brennan, when this is done are the banks going to wind up overcapitalized or is the push to shore up the balance sheets more generally going to end up being accurate? >> no question they're going to be overcapitalized. the trouble is you have to kiss the ring of ned in order to get the approval to return capital to shareholders. it's my view the fed, especially right now, given not only the political pressure but recency of the financial crisis, they're going to be far more cautious approving return of capital to shareholders. we will still see the firms the regulators believe in, goldman sachs and jpmorgan, they will still be able to return a good deal of capital.
you have two mikes, mike o'neill and mike corbit coming in and changing over that business. you've now got operators running citigroup. for a while, it was empire builders, lawyers, hedge fund managers. finally we have a bank operator. i think there's real reason for optimism. most positively disposed to. the trouble with citi at this point is this stock has run nicely and not as much discount as it used to be. >> brennan, when this is done are the banks going to wind up overcapitalized...
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Dec 27, 2012
12/12
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weather channel mike seidel has made his way from oklahoma to upstate new york. hey, mike. >> reporter: that's right. we've been following my travels on the air with you on msnbc. in buffalo we picked up 11 inches, ending the snow drought and going into the storm, they only had 6 inches, and that said, they ended in good shape. it fell from 1:00 yesterday afternoon to 1:00 this morning and free and clear in new york. they used a lot of salt and a lot of plowing. they don't mess around up here. we still have issues today. talking about the outsider rondex. northern new england gets slammed with 12-18 inches of snow. burlington, the western suburbs of boston and loganton all wind and bangor, where the winds condition. checking laguardia and newark delays, about an hour to hour and a half. we still have a lot of cancellations today, upwards of 600. yesterday, we had over 1700 cancellations. things are improving slowly at the airports as snow winds down in buffalo. next system due in saturday, looking like a much weaker event especially in the northeast. maybe 1-3 in
weather channel mike seidel has made his way from oklahoma to upstate new york. hey, mike. >> reporter: that's right. we've been following my travels on the air with you on msnbc. in buffalo we picked up 11 inches, ending the snow drought and going into the storm, they only had 6 inches, and that said, they ended in good shape. it fell from 1:00 yesterday afternoon to 1:00 this morning and free and clear in new york. they used a lot of salt and a lot of plowing. they don't mess around up...
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Dec 28, 2012
12/12
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autonomy's exceo mike lynch continues to defend the company's accounting. he says hp has yet to give a detailed explanation of the allegations against autonomy's former management team. >>> coming up the latest on the debt negotiations. we're going to ask former republican senator judd gregg, democratic strategist julianne epstein if a compromise to avoid the fiscal cliff is possible. plus find out how soon your paycheck will shrink if we go off the fiscal cliff. we're going to talk to the ceo of a payroll company. "squawk" is back after this short break.'m onna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. [ male announcer ] this decr, r you can stay in and share something
autonomy's exceo mike lynch continues to defend the company's accounting. he says hp has yet to give a detailed explanation of the allegations against autonomy's former management team. >>> coming up the latest on the debt negotiations. we're going to ask former republican senator judd gregg, democratic strategist julianne epstein if a compromise to avoid the fiscal cliff is possible. plus find out how soon your paycheck will shrink if we go off the fiscal cliff. we're going to talk to...
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Dec 28, 2012
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got to get the mike to work. we'll go meantime to john harwood. the president, i think it is a package here, talking about the hopes of avoiding the fiscal cliff but what is on the agenda after the first of the year. john harwood takes a look at some of the predictions for the white house in 2013. >> president obama's re-election campaign was long on effective arguments but short on details of exactly what he will do after his second-term inaugural parade takes place on pennsylvania avenue. suddenly, three big priorities have come into focus. tax reform, immigration, and gun control. tax reform is driven by the fiscal cliff debate. it is the only way to maximize revenue while minimizing tax rate increases. but this white house has always been skeptical tax reform could become a reality given support for popular loopholes so count this obama goal unlikely to happen. comprehensive immigration reform took a back seat in president obama's first term. but after hispanic voters helped him win a second one, he can't avoid it now. republicans know fightin
got to get the mike to work. we'll go meantime to john harwood. the president, i think it is a package here, talking about the hopes of avoiding the fiscal cliff but what is on the agenda after the first of the year. john harwood takes a look at some of the predictions for the white house in 2013. >> president obama's re-election campaign was long on effective arguments but short on details of exactly what he will do after his second-term inaugural parade takes place on pennsylvania...
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Dec 26, 2012
12/12
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expect a lot of face time with media and investor for mike cavanau cavanaugh, the new ceo of investment bank and not so dark horse to succeed dimon. the consumer financial protection view will crackdown on overdraft fees. with the help of the fed's two key facets of dodd frank will reach the finish line. the regulation of the trillion dollar derivatives industry will finish. if either of these hurt competition abroad, expect banks to sue. >>> this christmas eve cnbc got a letter from one bernie madoff. in it he offered the gift of some insight into insider trading. senior correspondent scott cohn joins us on the phone. good morning. >> good morning, karl. bernie madoff has time on his hands. now he spends time communicating with a handful of us off the record. he made a rare exception on christmas eve in an on the record letter that does not address his own situation but he talks about the challenges he sees for regulators. dark pools. those off exchange trading regulations that create a lack of transparency in the markets and turn inside information into gold. the more secret this info
expect a lot of face time with media and investor for mike cavanau cavanaugh, the new ceo of investment bank and not so dark horse to succeed dimon. the consumer financial protection view will crackdown on overdraft fees. with the help of the fed's two key facets of dodd frank will reach the finish line. the regulation of the trillion dollar derivatives industry will finish. if either of these hurt competition abroad, expect banks to sue. >>> this christmas eve cnbc got a letter from...
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Dec 24, 2012
12/12
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that made him the sexiest man in -- because of magic mike, the chippendales thing. we can be chippendales. let's do it. welcome back to "squawk box" here on cnbc. first in business worldwide. i'm joe kernen along with andrew ross sorkin, and they were talking about you don't want to be an elf. you said. that's like tony fratto wrote in that's like the elf in rudolph. his mother wanted him to be a dentist and instead he was an elf, and he did not want to be -- what was his name? >> i haven't seen it. >> herby. >> herby wanted to be a dentist. becky quick is off today and someone said it's like a -- meatless. we're like a couple of tasteless pieces of bread without anything -- >> oh, yeah. >> chopped liver. our guest host this morning, jason trennert. chief investment strategist, i say strat eegous, because it's strategy. >> strategas, that was your firm, you used to be for years at ifi. >> that's right. 15 years. >> so you had trennert, which was a palindrome. >> isi. >> and now strategas. >> a man, a plan. >> first andrew has the morning headlines. >> it's a shorten
that made him the sexiest man in -- because of magic mike, the chippendales thing. we can be chippendales. let's do it. welcome back to "squawk box" here on cnbc. first in business worldwide. i'm joe kernen along with andrew ross sorkin, and they were talking about you don't want to be an elf. you said. that's like tony fratto wrote in that's like the elf in rudolph. his mother wanted him to be a dentist and instead he was an elf, and he did not want to be -- what was his name?...
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Dec 28, 2012
12/12
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the ex ceo mike lynch continues to defend the company's accounting practices. hewlett packard, a little higher in german trade this morning. but down by 20% of its value. >> not a pretty quarter for hewlett packard. >>> brent crude has climbed above the $100 a barrel mark as u.s. lawmakers attempt to avoid the fiscal cliff. but crude is poised to post its smallest gain in three years. wti is set to post its first annual last in four years. ian, welcome. we've seen this sharp decline in oil prices helping seek through to prices with a lot of americans in the last several weeks. when we look to 2013, should we expect a similar seasonal pattern which is to say a rally during the first part of the year? >> no. i'm not expecting a rally in the fist part of the year, to be honest. what we're still trying to take is the impact of shale oil, shale gas. and i think probably in 2012, the impact was -- or rather the implications of the impact were a much higher than expected. this year it's going to be interesting to see how the rest of the global acts with the new higher
the ex ceo mike lynch continues to defend the company's accounting practices. hewlett packard, a little higher in german trade this morning. but down by 20% of its value. >> not a pretty quarter for hewlett packard. >>> brent crude has climbed above the $100 a barrel mark as u.s. lawmakers attempt to avoid the fiscal cliff. but crude is poised to post its smallest gain in three years. wti is set to post its first annual last in four years. ian, welcome. we've seen this sharp...